KARACHI – ABHI, in collaboration with TPL Corp Limited, has officially rebranded FINCA Microfinance Bank as ABHI Microfinance Bank, marking a strategic move aimed at strengthening the microfinance sector and expanding financial services in Pakistan. This significant rebranding follows the acquisition of FINCA’s stake by ABHI and is set to redefine financial inclusion in the country. The relaunch has been officially approved by both the State Bank of Pakistan (SBP) and the Competition Commission of Pakistan (CCP), signaling a major step forward in the financial ecosystem of Pakistan.
The rebranding of FINCA Microfinance Bank to ABHI Microfinance Bank was celebrated at an exclusive event hosted by ABHI and TPL Corp Limited. The event was attended by international investors, financial experts, industry leaders, and key stakeholders who gathered to discuss the future of financial services in Pakistan. The event served as a platform to highlight the shared vision of ABHI, TPL Corp, and other partners in fostering financial inclusion and empowering underserved communities.
During the event, Jameel Ahmed, Governor of the State Bank of Pakistan, addressed the gathering, emphasizing the importance of the acquisition in enhancing the country’s financial infrastructure. He noted, “This acquisition marks a significant step toward strengthening Pakistan’s financial ecosystem and expanding access to credit for unserved and underserved communities. Collaborations like these are crucial in driving financial inclusion and empowering individuals and businesses across the country.”
A key moment at the event was the unveiling of the new logo for ABHI Microfinance Bank. The logo represents the bank’s commitment to ushering in a new era of financial empowerment and inclusion. This relaunch also highlights the bank’s dedication to offering innovative financial solutions tailored to the evolving needs of Pakistan’s diverse population. With an emphasis on technology and strategic partnerships, ABHI Microfinance Bank is poised to provide accessible financial services to a broader range of customers, particularly those in underserved sectors.
The event also featured discussions on the future of microfinance, digital banking, and financial accessibility in Pakistan. Prominent figures such as Omair Ansari, Co-Founder and CEO of ABHI; Dave Nangle, Managing Partner of VEF; Atif Bokhari, Chairman of the Board at ABHI Microfinance Bank; and Muhammad Aminuddin, CEO of TPL Insurance and Director of ABHI Microfinance Bank, shared their insights on the transformation of Pakistan’s financial landscape and the role of digital innovation in driving financial inclusion.
The partnership between ABHI and TPL Corp is expected to revolutionize the accessibility of financial services in Pakistan, particularly for low-income individuals and small businesses that have traditionally been excluded from formal financial systems. This acquisition marks the beginning of a new chapter for microfinance in the country, opening doors to a wide array of new economic opportunities and empowering individuals and enterprises to grow and thrive in a more inclusive financial ecosystem.
With the official launch of ABHI Microfinance Bank, the company is well-positioned to play a pivotal role in the transformation of Pakistan’s financial sector. By leveraging technology, innovative solutions, and strategic collaborations, ABHI Microfinance Bank aims to address the financial needs of Pakistan’s underserved communities and contribute to the country’s long-term economic development.
This move is a clear indication that the future of financial inclusion in Pakistan is taking a digital turn, and ABHI Microfinance Bank is at the forefront of this shift, with a focus on accessibility, innovation, and empowerment.